Tax-deductible: Contributions to your HSA can be deducted from your gross income

Tax-deferred: HSA funds grow without being subject to taxes until they are used for non-eligible medical expenses

Tax-free: The funds in an HSA are completely tax-free when used for eligible expenses

Funds used for an expense that are not eligible prior to age 65 are subject to income tax plus a 20% IRS penalty

Federal vs. State Tax Benefits

Health Savings Accounts are made available through the federal government on a tax-favored basis. To determine if your state also provides tax benefits for Health Savings Accounts, please contact your state tax resource.

Keep Track with Online Banking

Accountholders are responsible for keeping records/receipts for all eligible expenses when the HSA has been used. To help, we have several tools available through our online banking program. Get access to:

Account activity, as far back as 18 months -- and with electronic statements, you can view the past 7 years worth of statements

Images of your checks written

Records of your debit card transactions.

On the Go - Use Mobile Banking

With Mobile Banking, you can use your phone to:

Check balances

Pay bills

Transfer money between your accounts.

Please note: Online and Mobile banking does not provide a copy of the receipt

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